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CAKAN

Active
Private limited company (pre-2019)founded 199630 yrs activeDriesstraat 121, 9050 Gent, BelgiumKBO/BCE: BE 0457.817.234
Summary

CAKAN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,100 and a net result of €48,857. Equity is growing by ~5.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability96▲+96
Solvency95▲+22
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.53 against 1.29 in 2024; short-term debt: 29.6% and cash: 70.7% of total assets), and 29.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
70.4%
Return on assets
21.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
52 d late
2024
30 d early
2023
49 d late
2022
31 d early
2021
27 d early
2020
30 d early
2019
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (4 of the last 5 filed years within 77 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CAKAN was incorporated on 19 April 1996.1 Total assets fell from EUR 667,364 in 2018 to EUR 225,925 in 2025 and headcount from 0.7 full-time equivalents in 2019 to 2 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2019, 2021 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48,857
2024 · -€87,996
Working capital
€102,247▲ 193%
2024 · €34,878
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€90,069▲ 147%€5,192▼ 94.2%€141,854▲ 2,632%-€79,208€55,677
Net result€77,646▲ 166%-€1,796€110,689-€87,996€48,857
Equity€189,346▲ 69.5%€187,550▼ 0.9%€198,240▲ 5.7%€110,244▼ 44.4%€159,100▲ 44.3%
Total assets€239,934▲ 45.6%€270,756▲ 12.8%€308,984▲ 14.1%€230,775▼ 25.3%€225,925▼ 2.1%
Debt€50,588▼ 4.8%€83,206▲ 64.5%€110,745▲ 33.1%€120,532▲ 8.8%€66,825▼ 44.6%
Working capital€130,657▲ 284%€147,000▲ 12.5%€176,183▲ 19.9%€34,878▼ 80.2%€102,247▲ 193%
Staff (FTE)2▼ 33.3%
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000Operating result 2021: €90,069€90,069Net result 2021: €77,646€77,646Operating result 2022: €5,192€5,192Net result 2022: -€1,796-€1,796Operating result 2023: €141,854€141,854Net result 2023: €110,689€110,689Operating result 2024: -€79,208-€79,208Net result 2024: -€87,996-€87,996Operating result 2025: €55,677€55,677Net result 2025: €48,857€48,85720212022202320242025-€100,000€0€100,000Operating result 2023: €141,854€142,000Net result 2023: €110,689€111,000Operating result 2024: -€79,208-€79,200Net result 2024: -€87,996-€88,000Operating result 2025: €55,677€55,700Net result 2025: €48,857€48,900202320242025
The operating result returns to profit in 2025: €55,677 after a loss of €79,208 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225,925
Fixed assets €56,853 ▼ 24.6%
Current assets €169,072 ▲ 8.8%
Equity and liabilities €225,925
Equity €159,100 ▲ 44.3%
Debt €66,825 ▼ 44.6%
Debt's share of the balance-sheet total falls from 52.2% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€74,190▲
2024 · -€57,517
Cash flow
€67,369▲
2024 · -€66,305
Current ratio
2.53▲
2024 · 1.29
Debt to equity
0.42▼
2024 · 1.09
ROE
30.7%▲
2024 · -79.8%
ROA
21.6%▲
2024 · -38.1%
Interest coverage
11.47▲
2024 · -9.34
Debt ≤ 1 year
€66,825▼
2024 · €120,532
Income taxes
€352▼
2024 · €2,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€230,775€225,925▼
Fixed assets21/28€75,366€56,853▼
Intangible fixed assets21€71,803€56,803▼
Tangible fixed assets22/27€3,512-
Other tangible fixed assets26€3,512-
Financial fixed assets28€50€50=
Current assets29/58€155,409€169,072▲
Amounts receivable within one year40/41€4,879€6,612▲
Trade receivables40€4,879€6,612▲
Cash at bank and in hand54/58€148,151€159,840▲
Deferred charges and accrued income490/1€2,380€2,620▲
Equity and liabilities
Total equity and liabilities10/49€230,775€225,925▼
Equity10/15€110,244€159,100▲
Contributions10/11€18,592€18,592=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14€89,792€138,649▲
Amounts payable17/49€120,532€66,825▼
Amounts payable within one year42/48€120,532€66,825▼
Trade debts44€48,121€45,303▼
Suppliers440/4€48,121€45,303▼
Advances received on contracts in progress46€8,000€8,000=
Taxes, remuneration and social security45€64,411€13,522▼
Taxes450/3€48,411€9,352▼
Remuneration and social security454/9€16,000€4,170▼
Income statement Code20242025
Remuneration, social security and pensions62€222-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,691€18,512▼
Other operating charges640/8€4,683€950▼
Gross operating margin9900-€52,613€75,140▲
Operating profit (loss)9901-€79,208€55,677▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€6,161€6,468▲
Recurring financial charges65€6,161€6,468▲
Profit (loss) for the period before taxes9903-€85,370€49,209▲
Income taxes67/77€2,627€352▼
Profit (loss) for the period9904-€87,996€48,857▲
Profit (loss) for the period to be appropriated9905-€87,996€48,857▲
Appropriation of the result
Profit (loss) to be appropriated9906€89,792€138,649▲
Profit (loss) brought forward from the previous period14P€177,788€89,792▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€35,367€66,226€43,296€222--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,610€18,494€18,494€21,691€18,512▼ 14.7%
Other operating charges640/8€27,471€2,322€10,413€4,683€950▼ 79.7%
Gross operating margin9900€171,517€92,234€214,057-€52,613€75,140▲ 243%
Operating profit (loss)9901€90,069€5,192€141,854-€79,208€55,677▲ 170%
Financial income75/76B----€0-
Recurring financial income75----€0-
Financial charges65/66B€2,957€142€6,934€6,161€6,468▲ 5.0%
Recurring financial charges65€2,957€142€6,934€6,161€6,468▲ 5.0%
Profit (loss) for the period before taxes9903€87,112€5,050€134,920-€85,370€49,209▲ 158%
Income taxes67/77€9,467€6,846€24,231€2,627€352▼ 86.6%
Profit (loss) for the period9904€77,646-€1,796€110,689-€87,996€48,857▲ 156%
Profit (loss) for the period to be appropriated9905€77,646-€1,796€110,689-€87,996€48,857▲ 156%
Line20212022202320242025Change
Assets
Total assets20/58€239,934€270,756€308,984€230,775€225,925▼ 2.1%
Fixed assets21/28€59,044€40,550€22,056€75,366€56,853▼ 24.6%
Intangible fixed assets21---€71,803€56,803▼ 20.9%
Tangible fixed assets22/27€58,994€40,500€22,006€3,512--
Plant, machinery and equipment23€0-----
Other tangible fixed assets26€58,994€40,500€22,006€3,512--
Financial fixed assets28€50€50€50€50€50=
Current assets29/58€180,890€230,206€286,928€155,409€169,072▲ 8.8%
Amounts receivable within one year40/41€6,612€6,612€6,612€4,879€6,612▲ 35.5%
Trade receivables40€6,612€6,612€6,612€4,879€6,612▲ 35.5%
Cash at bank and in hand54/58€170,247€219,279€277,960€148,151€159,840▲ 7.9%
Deferred charges and accrued income490/1€4,032€4,316€2,356€2,380€2,620▲ 10.1%
Equity and liabilities
Total equity and liabilities10/49€239,934€270,756€308,984€230,775€225,925▼ 2.1%
Equity10/15€189,346€187,550€198,240€110,244€159,100▲ 44.3%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14€168,895€167,099€177,788€89,792€138,649▲ 54.4%
Amounts payable17/49€50,588€83,206€110,745€120,532€66,825▼ 44.6%
Amounts payable within one year42/48€50,233€83,206€110,745€120,532€66,825▼ 44.6%
Trade debts44€18,939€41,907€44,207€48,121€45,303▼ 5.9%
Suppliers440/4€18,939€41,907€44,207€48,121€45,303▼ 5.9%
Advances received on contracts in progress46€8,000€8,000€8,000€8,000€8,000=
Taxes, remuneration and social security45€23,294€33,299€58,538€64,411€13,522▼ 79.0%
Taxes450/3€10,718€14,845€58,538€48,411€9,352▼ 80.7%
Remuneration and social security454/9€12,576€18,454-€16,000€4,170▼ 73.9%
Accrued charges and deferred income492/3€355-----
Line20212022202320242025Change
Profit (loss) for the period9904€77,646-€1,796€110,689-€87,996€48,857▲ 156%
+ Depreciation and write-downs630€18,610€18,494€18,494€21,691€18,512▼ 14.7%
Operating cash flow (approximation)€96,256€16,698€129,183-€66,305€67,369▲ 202%
Investment in fixed assets (approximation)-€0€0-€75,000€0▲ 100%
Change in cash-€49,032€58,681-€129,809€11,689▲ 109%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
31-12
Financial Back to profitnet €48,857
Net result €48,857 after one loss-making year.
31-12
Financial Equity above €150,000Eq €159,100 ▲44.3%
Equity rises from €110,244 to €159,100.
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€87,996
Net result drops to -€87,996, the lowest in the series; recovery starts the following year.
18-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial Back to profitnet €110,689
Net result €110,689 after one loss-making year.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity doublescurrent ratio 3.60
Current ratio from 1.64 to 3.60; short-term debt falls from €53,120 to €50,233.
31-12
Financial Equity above €150,000Eq €189,346 ▲69.5%
4 profitable years in a row build equity to €189,346.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial Equity above €100,000Eq €111,701 ▲35.4%
3 profitable years in a row build equity to €111,701.
24-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
07-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2015
seat establishment All 2 establishment units on the map
Ground area
583 m²
Building footprint
718 m²
Volume, LiDAR
4,460 m³
2 parcels, Flanders · tallest building 14.5 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
CAKAN
Driesstraat 121, 9050 GentLimited-service restaurants
since 20152.241.607.642
CAKAN
Scheepsdalelaan 27, 8000 BruggeCafés and bars
since 20242.360.112.443
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31808M0510/00P004 Flanders 305 m² 1 · 256 m² 12.0 m · 1 fl.
44032A0167/00K000 Flanders 277 m² 1 · 462 m² 14.5 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded19-04-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.